On September 30, Avita Technology (Chongqing) Co., Ltd. underwent a business registration change, with the company name changed to Avita Technology (Chongqing) Co., Ltd. At the same time, the market entity type was changed from a limited liability company (foreign-invested, non-equity) to a joint-stock company.
Avita Technology (Chongqing) Co., Ltd. was established in July 2018, with Chen Zhuo as the legal representative. The company has a registered capital and paid-in capital of 3.07 billion yuan and is primarily engaged in the automobile manufacturing industry. Shareholder information shows that the company is jointly held by 38 companies, including Chongqing Changan Automobile Co., Ltd., CATL (Contemporary Amperex Technology Co., Limited), and Chongqing Anyu Private Equity Investment Fund Partnership (Limited Partnership). Among them, Chongqing Changan Automobile holds a 40.994% stake, making it the largest shareholder, while CATL holds 9.1742%, making it the second-largest shareholder.
It is understood that Avita is a brand under Changan Automobile, positioned as a high-end automotive brand. It is jointly created by Changan Automobile, CATL, and Huawei. Changan is responsible for vehicle design and production, CATL handles battery supply, and Huawei mainly cooperates through the Huawei Inside (HI) model, providing a full-stack solution, including smart cockpit and intelligent driving. On September 19, Avita announced that Wang Hui would succeed Zhu Huaron as the chairman of Avita Technology, overseeing the company’s strategic planning, decision-making, business management, and global operations.
The Avita brand is crucial for Changan Automobile as it takes on the task of helping Changan enter the high-end new energy vehicle market. In a new car launch event last year, Zhu Huaron stated, “As long as Avita needs it, Changan Automobile will fully support, providing money, personnel, and technology.” However, as an important part of Changan’s new energy division, Avita is still in the loss stage. According to financial reports, Avita Technology’s operating revenue in 2024 is expected to be 15.348 billion yuan, with a net loss of 4.018 billion yuan. Changan Automobile explained that while Avita’s sales are increasing due to new products and product updates, with gradually improving product efficiency, the company continues to invest heavily in product development, brand promotion, and channel construction, leading to losses.
Since its establishment, Avita has launched four models: Avita 11, Avita 12, Avita 07, and Avita 06. According to data, from January to August 2025, Avita’s cumulative sales reached 79,711 units, a year-on-year increase of 119.18%. The best-selling model was the Avita 07, with 30,717 units sold; followed by the Avita 06 with 24,150 units; and the Avita 12 and Avita 11 with 13,050 units and 2,485 units sold, respectively.
Industry insiders believe that the shift to a joint-stock company may indicate that the company is seeking to list. On September 23, media reports stated that Avita plans to submit a listing application to the Hong Kong Stock Exchange in the fourth quarter of this year, with plans to complete the listing in the second quarter of next year. According to sources, Avita is in the final stages of preparing for its Hong Kong IPO, with China International Capital Corporation (CICC) and CITIC Securities acting as joint sponsors, and the application may be submitted as early as October. Avita has not made an official statement on this.
According to plans, by 2030, Avita aims to launch 17 new models, covering segmented markets such as MPVs and sports cars. Additionally, reports suggest that Avita’s global sales target for 2027 is 400,000 units, with annual revenue reaching 100 billion yuan; the global sales target for 2030 is 800,000 units; and by 2035, the company plans to challenge a global sales target of 1.5 million units. To achieve its strategic goals, Avita will comprehensively promote four major upgrades: products, technology, services, and globalization.
